Fabric Development: Kordsa Acquires Two U.S-Based Composite Companies

Turkey-based Kordsa recently acquired commercial aviation industry composite suppliers Fabric Development Inc. (FDI), Quakertown, Pa., and Textile Products Inc. (TPI), Anaheim, Calif., as part of a $100 million investment. The company wishes to strengthen its composite market position in the United States. "Over the years, we leveraged our expertise in tire reinforcement technologies into construction [...]